 If you leave out volatile food and energy prices, so-called core inflation rose just 0.1% from April to May and 2.6% from last year. The latest figures will likely be welcomed by the Fed's policymakers, who have said they need to feel confident that inflation is slowing sustainably toward their 2% target before they start cutting interest rates. I'm Shelley Adler. News and analysis at townhall.com.